DWSH vs. ZIVB

Last updated Jun 4, 2026

DWSH (AdvisorShares Dorsey Wright Short ETF) and ZIVB (-1x Short VIX Mid-Term Futures Strategy ETF) are both Inverse Equities funds. Both are actively managed. DWSH charges 3.67%/yr vs 1.35%/yr for ZIVB.

Performance

DWSH vs. ZIVB - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in AdvisorShares Dorsey Wright Short ETF (DWSH) and -1x Short VIX Mid-Term Futures Strategy ETF (ZIVB). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

DWSH

• 1D: 2.36%
• 1M: 0.62%
• YTD: 0.85%
• 6M: 1.07%
• 1Y: -10.40%
• 3Y*: -4.14%
• 5Y*: -1.61%
• 10Y*: —

ZIVB

• 1D: 0.00%
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

DWSH vs. ZIVB - Yearly Performance Comparison

	2026 (YTD)
DWSH AdvisorShares Dorsey Wright Short ETF	1.41%
ZIVB -1x Short VIX Mid-Term Futures Strategy ETF	0.00%

Return for Risk

DWSH vs. ZIVB — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

DWSH

DWSH Risk / Return Rank: 4
DWSH Sharpe Ratio Rank: 4
DWSH Sortino Ratio Rank: 5
DWSH Omega Ratio Rank: 4
DWSH Calmar Ratio Rank: 4
DWSH Martin Ratio Rank: 5

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

DWSH vs. ZIVB - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for AdvisorShares Dorsey Wright Short ETF (DWSH) and -1x Short VIX Mid-Term Futures Strategy ETF (ZIVB). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	DWSH	ZIVB	Difference
Sharpe ratio Return per unit of total volatility	-0.50	—	—
Sortino ratio Return per unit of downside risk	-0.55	—	—
Omega ratio Gain probability vs. loss probability	0.93	—	—
Calmar ratio Return relative to maximum drawdown	-0.58	—	—
Martin ratio Return relative to average drawdown	-0.88	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	DWSH	ZIVB	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.50	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.06	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.43	—	—

Drawdowns

DWSH vs. ZIVB - Drawdown Comparison

The maximum DWSH drawdown since its inception was -82.73%, which is greater than ZIVB's maximum drawdown of 0.00%. Use the drawdown chart below to compare losses from any high point for DWSH and ZIVB.

Drawdown Indicators

	DWSH	ZIVB	Difference
Max Drawdown Largest peak-to-trough decline	-82.73%	0.00%	-82.73%
Max Drawdown (1Y) Largest decline over 1 year	-18.08%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-29.23%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-32.87%	—	—
Current Drawdown Current decline from peak	-81.25%	0.00%	-81.25%
Average Drawdown Average peak-to-trough decline	-63.61%	0.00%	-63.61%
Ulcer Index Depth and duration of drawdowns from previous peaks	11.82%	—	—

Volatility

Volatility by Period

	DWSH	ZIVB	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.08%	—	—
Volatility (6M) Calculated over the trailing 6-month period	13.93%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	21.19%	0.00%	+21.19%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	25.93%	0.00%	+25.93%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	31.22%	0.00%	+31.22%

DWSH vs. ZIVB - Expense Ratio Comparison

DWSH has a 3.67% expense ratio, which is higher than ZIVB's 1.35% expense ratio.

Dividends

DWSH vs. ZIVB - Dividend Comparison

DWSH's dividend yield for the trailing twelve months is around 6.26%, while ZIVB has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
DWSH AdvisorShares Dorsey Wright Short ETF	6.26%	6.31%	6.17%	10.28%	0.00%	0.00%	0.00%	0.14%	0.12%
ZIVB -1x Short VIX Mid-Term Futures Strategy ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Which ETF is better, DWSH or ZIVB?

On fees, ZIVB is cheaper at 1.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, DWSH or ZIVB?

ZIVB is cheaper with a 1.35% expense ratio, compared with 3.67% for DWSH.

Which ETF pays a higher dividend yield, DWSH or ZIVB?

DWSH has the higher dividend yield at 6.26%, compared with 0.00% for ZIVB.

What is the main difference between DWSH and ZIVB?

They also come from different issuers: AdvisorShares and Volatility Shares. Their fees differ too: 3.67% for DWSH and 1.35% for ZIVB.